Private Credit by Deposit Money Banks to GDP for Norway
DDDI01NOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.34
Year-over-Year Change
11.15%
Date Range
1/1/1960 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to Norway's gross domestic product (GDP). It provides insights into the financial depth and intermediation in the Norwegian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio is a key indicator of financial development and access to credit. It tracks the size of the banking sector relative to the overall economy, which is important for assessing financial stability and economic growth.
Methodology
The data is calculated by the World Bank using information on domestic credit to the private sector and GDP.
Historical Context
Policymakers and analysts use this metric to evaluate the role of the banking system in facilitating private investment and economic activity.
Key Facts
- Norway's private credit to GDP ratio was 120.8% in 2020.
- The ratio has increased from around 80% in the early 2000s.
- High private credit to GDP is associated with greater financial depth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to Norway's gross domestic product (GDP). It provides insights into the financial depth and intermediation in the Norwegian economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and access to credit. It is important for assessing financial stability and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information on domestic credit to the private sector and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the role of the banking system in facilitating private investment and economic activity.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of GDP and private credit information reported by the Norwegian government and financial institutions.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Norway (DDDI01NOA156NWDB), retrieved from FRED.